MORTGAGE


Meaning of MORTGAGE in English

I. noun

COLLOCATIONS FROM OTHER ENTRIES

a mortgage payment (= a payment towards a loan on your house )

Your mortgage payments could fall if interest rates drop.

a mortgage rate (= the rate charged by a bank on a loan to buy a house )

Higher mortgage rates should slow down the rapid rise in house prices.

foreclose on...mortgage

Building societies may foreclose on a mortgage if payments are not kept up.

mortgage repayments

monthly mortgage repayments of £330

offset mortgage

rent/mortgage/tax arrears

He was ordered to pay rent arrears of £550.

Subprime mortgages (= loans to buy a home )

Subprime mortgages are granted to individuals who would not qualify for a conventional mortgage.

COLLOCATIONS FROM CORPUS

■ ADJECTIVE

adjustable

Consumers will see lower rates on home equity loans and adjustable rate mortgages .

Meanwhile, the average adjustable mortgage rate rose to 5. 48 percent from 5. 45 percent a week earlier.

big

Who would accept a house with such a big first mortgage as collateral?

If so, dig them out now because they could help you get a bigger mortgage .

Abbey National, the second biggest mortgage lender, said claims for their cover must be made within four months.

And this time, more people with high-flying lifestyles and big mortgages to match are among the unemployed.

existing

Parents with an existing mortgage are eligible, so long as they still own a large enough chunk of the equity.

With HeadStart 531 you needn't simply match your existing mortgage .

Packet You'd think that adding £6,000 on to their existing mortgage of £36,000 would cost them a packet.

Similarly, high interest rates may discourage householders from taking on new mortgages , but existing mortgages are unlikely to be reduced.

high

But some warned that the impact of higher mortgage rates on wage negotiations risked increased pressure on prices in the months ahead.

That disparity was due to the high level of mortgage lending at Bankinter.

However, it adds, an even greater risk is that higher mortgage rates will add to wage pressures.

Worst hit will be the South, where people with high mortgages have been most affected by the recession.

They have been encouraged to purchase houses with high mortgages , and they are now desperate and worried.

Mr D'Avila says Labour will help people who're trapped by high mortgages and the property crash.

The currency crisis, with higher mortgages and interest rates, means that consumers have far less disposable income.

They have high mortgage costs, high rents, high transport costs and high bills of many varieties.

large

The smaller rises from the largest two mortgage lenders will deter other societies from following the Yorkshire's move.

It protects lenders and large mortgage investors if the borrower defaults on the mortgage.

With household costs inevitably rising, the last thing he wants is a larger mortgage than he can reasonably afford.

Our largest housing subsidy-the mortgage interest tax deduction-is the equivalent of a voucher.

So the largest mortgage she or he could safely take out would be about £94,000.

He had a baby, a pregnant wife, and a new house in London with a large mortgage .

It is not difficult to see that a smallholding can not support a large mortgage as well as a family!

There was a time when, with babies and a large mortgage we had to do it.

low

But lower mortgage rates for everyone else just push up the price of homes.

Analysts said lower mortgage rates have helped to spur demand for housing even as other parts of the economy have slowed.

Helped along by the lowest mortgage rates in 20 years, those numbers grew during the fourth quarter of last year.

The lower mortgage rates have sparked a surge of refinancing and purchase activity.

Realtors are pinning their hopes for another banner year on low mortgage rates.

new

Nonconformist borrowers were thrown a lifeline only five years ago when this new breed of mortgage lender was born.

They persuaded investors, such as insurance companies, to buy the new mortgage bonds.

A NEW mortgage deal from Bristol &038; West offers a rate of 8.5% reducing to 6.5% by April 1994.

The thrift could make new mortgage loans at 14 percent while taking in money at 12 percent.

Payment, when approved, is effective from the date of the new mortgage .

While the rest of the firm gradually acquired a new persona, mortgages remained more trenchantly the same.

I don't want to have to take out a new mortgage every time I move up the ladder.

The minimum loan for new mortgages at the fixed rate is £25,000.

■ NOUN

application

The Halifax says that mortgage applications this year are 40% up on 1992.

This is simply not the case and you will probably have to wait to hear if your mortgage application has been approved.

If you so much as parked on a yellow line they stuffed a mortgage application under your windscreen wipers.

Make it compulsory or at least encourage lenders to process mortgage applications within two weeks.

Having the test can have serious implications for insurance and mortgage applications .

arrears

The Harrises were given two weeks to pay off mortgage arrears of £8,000.

The Harris family had been given just two weeks to find eight thousand pounds in mortgage arrears .

Three quarters involved unpaid rent or mortgage arrears .

Inequality Building society mortgage arrears have risen considerably in the last few years.

The Future 90 deal is available to borrowers who have £1,000 of county court judgments and three months of mortgage arrears .

This year 75,000 people have lost their homes through mortgage arrears .

To deal with priority debts - rent and mortgage arrears , heating and lighting.

broker

Ray Boulger, of Charcol, the mortgage broker , likes Bristol &038; West's capped rate loan.

Lo, 48, a real estate mortgage broker , faces a bail hearing Wednesday in the fraud case.

If you want to know exactly how much money you could save by remortgaging, an independent mortgage broker can help.

The on-line provider of home financial services and discount mortgage broker acquired Cybersight and its FlyerWare software.

Special deals have become universal, spread by the increasing power of mortgage brokers .

She went to work as a receptionist for a mortgage broker in east Los Angeles.

Not so high profile are the centralised lenders, who operate through mortgage brokers and insurance companies.

company

They now wait to see if the mortgage company Dorend will apply for possession.

The report also outlined the role agricultural cooperatives, the largest creditors to the mortgage companies , played in the fiasco.

Last week the deadline for finding eight thousand pounds to pay back a loan from a mortgage company expired.

As a group, the cooperatives are the largest creditors to the mortgage companies .

It is now possible to rely on the survey that the mortgage company will arrange.

Her mortgage company has twice threatened to foreclose on her north Houston home, which serves as her company headquarters.

The mortgage company had acted with forbearance, only taking them to court as a last resort.

debt

A million families have insolvency hanging over them as their mortgage debts have grown greater than the values of their homes.

Among young homeowners, the mortgage debt typically equals 78 percent of the house value.

The couple's flat in Wandsworth was worth £64,000 against a mortgage debt of £83,000 when the bank gave notice of repossession.

Borrowers were told that policies might not only clear their mortgage debt but might also give them an additional lump sum.

Excluding mortgage debts , the average adult owed £1,000 in 1979 - today, he owes more like £2,250.

People threatened with repossession because of mortgage debts now make up one in seven of their cases.

Job fears and the mortgage debt trap are failing to halt the housing slump.

deed

We would give the same construction to the comparable provisions in the other mortgage deeds .

In the mortgage deed the respondents further covenanted that they would purchase all their requirements from the appellants exclusively.

Accordingly, we would construe the guarantee and debenture in the same way that we have construed the mortgage deeds .

In the Esso case, the restraint in a supply and purchase contract was reinforced in a mortgage deed .

Again, the appropriate mortgage deed will be sewn into the back of the certificate.

department

The government trading desk was a counterpoint to the visible gluttony and ethnicity of the mortgage department .

Even Larry Stein, whom Smith had introduced to the mortgage department , quit in disgust.

Next to the rest of the firm, however, the mortgage department looked like the United Nations.

Mark Smith, Voute and Strauss's man in the mortgage department , took note.

Up to the point of his transfer to the mortgage department , Ranieri had dominated every department he had joined.

They had been invited to address the thrifts by the mortgage department .

The mortgage department became a white brotherhood apart.

endowment

Loan secured by endowment mortgage , minimum age 20 years.

The Bristol &038; West have now gone one better than the standard endowment mortgage .

And the Financial Ombudsman Service this week published a briefing note for firms handling endowment mortgage complaints.

I know that's the general idea of an endowment mortgage .

Pension Mortgage Similar to an endowment mortgage in that you pay interest only to the lender.

home

Lower interest rates, for example, spur car loans and home mortgages .

Nevertheless, in I978 on Wall Street it was flaky to think that home mortgages could be big business.

The CE0s of home mortgages were savings and loan presidents.

Forbes would keep it pure, getting rid of the home mortgage , medical expense and charitable deductions and everything else.

These so-called always deductible expenses usually consist of home mortgage interest and real estate taxes.

Federally insured thrifts that traditionally had limited their investments to home mortgages began bingeing on highly speculative investments.

But his plan calls for a 16 percent tax on income that would retain deductions for home mortgage interest and charitable contributions.

interest

Home ownership is our dominant way of living, so most of us are buying, selling or paying mortgage interest .

The mortgage interest deduction, for example, subsidizes home ownership, as does the deduction for property taxes.

Less than a decade ago, no Tory minister dared threaten the tax break on mortgage interest .

Forbes would eliminate all loopholes, including the popular mortgage interest deduction aimed at encouraging home ownership.

These totals exclude mortgage interest and disregarded income, for example, attendance allowance.

Still, concern about home-buying is why Alexander charges that eliminating the mortgage interest deduction would cause a real-estate crash.

Aside from those who can pay cash, ability to pay is an amalgam of income and mortgage interest rates.

Our largest housing subsidy-the mortgage interest tax deduction-is the equivalent of a voucher.

lender

Nonconformist borrowers were thrown a lifeline only five years ago when this new breed of mortgage lender was born.

Shares in the mortgage lender vaulted 3 to 122.

The smaller rises from the largest two mortgage lenders will deter other societies from following the Yorkshire's move.

The market was given a boost by falling interest rates and growing competition by mortgage lenders .

If you are having difficulty making your repayments, always seek help from your mortgage lender before matters get too out of hand.

Abbey National, the second biggest mortgage lender , said claims for their cover must be made within four months.

The following pages of Charts are designed to help you select a mortgage lender .

loan

As Table 4.1 shows, over 80 percent of building society assets consist of mortgage loans for the purchase of property.

Hundreds of lawsuits have been filed by homeowners across the country alleging mortgage loan fraud.

Building societies' major assets are mortgage loans .

To take advantage of it, however, the thrifts had to sell their mortgage loans .

The wife and kids, the mortgage loan , the car payments.

Loan counselors using the Internet assist in selecting the right mortgage loan.

Bit IFAs can also arrange mortgage loans through the high-street lenders.

It has $ 42 billion in outstanding mortgage loans among 502, 000 families in metropolitan Los Angeles.

market

The mortgage market is awash with great money-saving deals as lenders compete fiercely to attract borrowers.

It was invented in June 1983, but not until 1986 did it dominate the mortgage market .

Of course, the mortgage market today is neither so generous nor so vague.

With his appointment in mid-I978, the story of the mortgage market as it is conventionally told within Salomon Brothers commences.

The mortgage market has become a more competitive arena in the years since the early 1980s.

But whole loans were ninety-nine-point-nine percent of the entire mortgage market .

These constraints arise from the non-existence of a perfect annuity market and the nonexistence of perfect rental and mortgage markets.

The executive committee members of Salomon Brothers decided the mortgage market was bad news.

payment

The premium is usually paid monthly to the Society along with your mortgage payment .

Well, I hope I can chip in on the mortgage payments .

Q Thank you for your interesting article on mortgage payment calculations.

Your goal should be to charge enough rent to cover the mortgage payment , maintenance and other expenses.

This may, for instance, be in the form of an endowment policy or a mortgage payment protection plan.

Instead of making a mortgage payment monthly, make half a payment every two weeks.

Are school fees provided for, and mortgage payments ?

Maybe this Local did make mortgage payments .

rate

Firstly, the cost of fixed-#rate mortgages can be a little higher than that of a variable deal.

Consumers will see lower rates on home equity loans and adjustable rate mortgages .

The other option is a capped-#rate mortgage which can provide the best of both worlds.

Her $ 621 fixed rate mortgage is almost $ 200 less than her old monthly rent.

Borrowers with standard variable rate mortgages could make substantial savings by remortgaging their properties, mortgage experts say.

Unlike most fixed-#rate mortgages , it allows borrowers to pay off the loan and move home at any time.

With standard variable rate mortgages , lenders can be quite slow to cut their rates.

Undoubtedly, a fixed rate mortgage would also appeal to Linda's cautious nature.

repayment

Just like a repayment mortgage , the interest rates can change, and this will affect your monthly payment.

The repayment mortgage is the traditional method of arranging a mortgage where capital is repaid by level monthly instalments together with interest.

Assuming a standard loan rate of 14.75 percent, a typical £60,000 repayment mortgage would cost £669.77 per month.

After your second or third mortgage , you may feel ready to branch out from the standard endowment or repayment mortgage.

But there are drawbacks to the repayment mortgage .

It's not just that he makes more commission by selling you an endowment rather than a repayment mortgage .

security

Crisscrossing the country, trying to persuade institutional investors to buy mortgage securities , Ranieri bumped into Milken.

They wheeled in the rocket scientists, who started to carve up mortgage securities into itty-bitty pieces.

Those early repayments, or prepayments, cut short the lives of mortgage securities and can reduce their returns.

Yet by the middle of 1986 First Boston could boast about the same market share in mortgage securities as Salomon Brothers.

Though the conditions of supply had changed overnight in October 1981, the conditions of demand for mortgage securities had not.

Dall established himself as the Salomon Brothers authority on mortgage securities in September I977.

Congress gave him permission to sell his mortgage securities in every state, but to his more radical proposition it said no.

He remembered the way the old boss, Bill Simon, had treated the first mortgage securities .

tax

However, he blew cold again on home loan borrowers by reducing the rate of mortgage tax relief by five full points.

The only trouble was that under questioning it became clear that one of his central aims was to abolish mortgage tax relief.

We will maintain mortgage tax relief.

A rise of 1 percent in interest rates adds £400-500 million annually to the cost of mortgage tax relief.

■ VERB

back

Banks are issuing a stream of securities backed by mortgages , credit-card receivables and other assets stripped off their balance sheets.

If asset-#backed loans such as mortgages are included, that coverage jumps to 128. 4 percent.

buy

Buyers stopped buying as mortgages were so expensive.

Crisscrossing the country, trying to persuade institutional investors to buy mortgage securities, Ranieri bumped into Milken.

Lenders typically require you to buy mortgage insurance, if you put down less than 20 percent on a home.

They persuaded investors, such as insurance companies, to buy the new mortgage bonds.

That explains why thrifts continued to buy mortgage bonds even as they sold their loans.

cover

If she could get the same amount for her flat, then that would cover the mortgage .

Your goal should be to charge enough rent to cover the mortgage payment, maintenance and other expenses.

One company which has stopped covering mortgage payments is Cornhill, which supplied mortgage policies to lenders Lloyds Bank.

fall

Under an informal family arrangement they paid the mortgage instalments falling due under the local authority mortgage.

Buying a home could become more expensive, some economists say, even though housing prices and mortgage rates would fall .

The advantage is that whenever interest rates go down, your mortgage payments will automatically fall .

Fifteen-year mortgage rates fell to 6. 53 percent, down from 6. 59 percent in the prior week.

The underlying rate, which excludes mortgages , fell 0.2 percent to 3.8 percent - the lowest for four years.

The instruments are a hedge against decreases in mortgage servicing fees as borrowers prepay their mortgages when rates fall .

fix

Firstly, the cost of fixed-rate mortgages can be a little higher than that of a variable deal.

Her $ 621 fixed rate mortgage is almost $ 200 less than her old monthly rent.

Unlike most fixed-rate mortgages , it allows borrowers to pay off the loan and move home at any time.

With luck, market forces will make this switch from short-term to fixed-rate mortgages .

help

The following pages of Charts are designed to help you select a mortgage lender.

Lower fed rates help keep mortgage rates low.

keep

Schemes vary, but usually you keep on your mortgage by holding back a nominal amount, say £1.

Lower fed rates help keep mortgage rates low.

You'd also still have to keep up mortgage payments, even though you were paying out on your new house as well.

Engelstad said lenders are urged to work with borrowers who are serious about keeping the mortgage .

Somehow, he manages to keep up with mortgage payments of $ 24, 000 a month on his Rockingham Avenue estate.

obtain

It may be that you choose to obtain a mortgage , second mortgage or a loan from a bank.

Nine people have been charged with conspiring to obtain mortgage advances by deception from various building societies.

The precise timing will depend on the convenience of one's clients and the need to obtain a mortgage advance cheque.

Home income schemes involved using funds obtained via a mortgage to be re-invested to pay off the loan and provide additional income.

A surveyor wrote a report the size of a small book, and they had difficulty in obtaining a mortgage .

Customers used a touch screen to obtain information on mortgages , pensions and investments.

offer

By itself offering you a mortgage .

Under the reorganization plan, El Paso Electric will repay creditors using proceeds from an underwritten public offering of mortgage bonds.

Some have gone even further and are offering free mortgage protection insurance for new borrowers.

Estate agents also offer a mortgage service.

Not so long ago lenders were falling over each other to offer mortgages .

But they may be offered a self-certified mortgage instead.

pay

You are a suitable candidate for remortgaging if you are one of the many millions who pay the standard variable mortgage rate.

But paying down your mortgage leaves less money, so establish a home equity line of credit first.

A housewife has asked us if she should pay off her mortgage now, while she can still afford to do so.

She no longer talked of needing funds to support herself or to pay off the mortgage on a ranch somewhere in Texas.

Under an informal family arrangement they paid the mortgage instalments falling due under the local authority mortgage.

Of course, they were the perfect homeowners who never missed a payment, and ultimately paid off the mortgage .

Are you happy to be helping to pay another person's mortgage ?

Mortgage savings Homeowners could save the money they pay for unnecessary private mortgage insurance under legislation passed by the Senate Banking Committee.

raise

The only cloud on the immediate horizon is raising a mortgage - especially if you are a first time buyer.

The sale of his flat should raise , once the mortgage was repaid, something in the region of £20,000.

For such clients raising a second mortgage to pay off the credit card debt often seems the only answer.

If the bigger societies feel their savings are threatened they would raise their mortgage rates to compete.

To pay for this he raised a mortgage of £500 on his house.

repay

Red letter customers need to witness investment returns greater than 8 per cent to stand any chance of repaying their mortgage .

This is an insurance that repays the mortgage in full should the person paying the mortgage die.

Every pound you repay on your mortgage offers a guaranteed rate of return of 11.5 per cent.

The most tax efficient way of repaying a mortgage is the pension mortgage.

The figure you place in the final column is how much you can afford to spend repaying a mortgage every month.

sell

Home ownership is our dominant way of living, so most of us are buying, selling or paying mortgage interest.

Then Ranieri persuaded the firm to give him a sales force to sell the godforsaken mortgages he was being asked to trade.

Eleven days ago, the second largest lender, the Abbey National, stopped selling mortgage protection insurance to its existing borrowers.

To take advantage of it, however, the thrifts had to sell their mortgage loans.

You are paid to sell mortgages !

Congress gave him permission to sell his mortgage securities in every state, but to his more radical proposition it said no.

Investors typically sell mortgage bonds as rates decline because they fear low rates will prompt homeowners to refinance.

take

In March, Day announced he had taken out a second mortgage to pay back some of the money.

Even the most wealthy moguls and healthy corporations will take out loans or mortgages to finance homes and equipment.

It is usual when taking out a mortgage to arrange adequate insurance cover in the event of death.

He took out a second mortgage , and off they went.

It is like taking out a mortgage: we have to repay the loan many times over.

They took out a mortgage without telling the older couple.

I don't want to have to take out a new mortgage every time I move up the ladder.

Most repossessions take place within the first three years of taking out a mortgage .

EXAMPLES FROM OTHER ENTRIES

Anyone taking out a mortgage should be aware that interest rates can go up at any time.

It took my parents nearly thirty years to pay off their mortgage .

Nick told me the mortgage on his apartment is worth about $90,000.

The mortgage payment will be around six hundred dollars a month.

The bank says we have to buy a life insurance policy before we can get a mortgage .

We still have a $180,000 mortgage on the house.

EXAMPLES FROM CORPUS

Abbey National offer self-build mortgages, which can either be straight repayments or endowment or pension linked.

Employees who are not at present house-owners may be entitled to a mortgage allowance in certain exceptional circumstances.

If asset-backed loans such as mortgages are included, that coverage jumps to 128. 4 percent.

Make it compulsory or at least encourage lenders to process mortgage applications within two weeks.

Remember the mortgage itself isn't a debt, and so the compensation scheme doesn't apply.

The mortgage department had neither friends nor profits.

The thrifts paid a fee to have their mortgages guaranteed.

II. verb

COLLOCATIONS FROM CORPUS

■ NOUN

future

But, in practice, if allowed to get out of hand, it firmly mortgaged the future .

There's a pool of talent in this area most employers can draw from without mortgaging their financial future , Miller said.

rate

Leading lenders were last night warning they may not be able to pass on any further rate reductions to mortgage holders.

More likely, interest rates fell, and the entire neighborhood refinanced its thirty-year fixed rate mortgages at the lower rates.

EXAMPLES FROM OTHER ENTRIES

We mortgaged our house to start Paul's business.

EXAMPLES FROM CORPUS

It borrowed so heavily that the greater part of its peacetime revenue was mortgaged to service and repay its debt.

Should you mortgage the family home?

Longman DOCE5 Extras English vocabulary.      Дополнительный английский словарь Longman DOCE5.